Eagle Football: Majority Shareholder Placed Under Judicial Administration
Eagle Football Group has announced the postponement of the publication of its semi-annual accounts to December 31, 2025, due to ongoing audit procedures and the situation of its majority shareholder Eagle Bidco, which has been placed under judicial administration. The group asserts that its operations and governance are not affected by this measure.
Judicial Administration Appointed for Major Shareholder
Eagle Football Holdings Bidco Limited, the majority shareholder of Eagle Football Group, has been placed under judicial administration by Cork Gully in accordance with English law, following defaults under its financial agreements. Eagle Football Group clarifies that the company itself is not involved in this procedure, and that no judicial administrators have been appointed in any of its subsidiaries. The company's Board of Directors states that governance, under the leadership of Michele Kang and Michael Gerlinger, and daily operations of the group are not affected. This administration does not result in any failure with respect to the terms of the company's major contracts or applicable sports regulations. The Board notes that the administrators of Eagle Bidco might seek offers for Eagle Bidco's stake in the company, and that creditors, including Michele Kang, CEO of Eagle Football Group, would have the opportunity to submit an offer. Meanwhile, the company continues its goal of improving its financial situation.
Ongoing Semi-Annual Financial Reporting Procedures
With the semi-annual account closure procedures still ongoing as of December 31, 2025, and their review by the auditors in progress, the Board of Directors has observed that the company will not be able to finalize its semi-annual accounts by March 31, 2026. The company is also in discussions with certain financial partners to clarify underlying commitments. It is taking necessary steps to finalize and publish its financial statements as soon as possible. Regarding the business performance for the first half of 2025/2026, the audit work by the auditors is ongoing. The total revenue from activities amounted to 121.3 million euros as of December 31, 2025, compared to 117.6 million euros in the previous year (+3%). This increase reflects strong player trading activity (45.3 million euros compared to 34.7 million euros in the previous year, a +30% increase), partially offset by a decline in non-player trading activities (-6.9 million euros), notably due to the early termination of the DAZN/LFP TV rights contract and a less dense major events activity compared to the previous year. In terms of sports, the club is currently in 4th place in the Ligue 1 championship, qualifying for the preliminary rounds of the 2026/2027 Champions League.
